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Where When How N/D 2017 - J/F 2018 : Page 157

Blue Waters, Silly Creek, Providenciales MLS 1700430 Offered at $2.5M See Listing page 167. opened earlier this year to wide acclaim, has certainly been a welcome industry leader in the new condo development segment, with only a handful of suites remaining available for sale. The land sector is on par with last year after two quarters ($25.5M and $24.7M, respectively) with a lower average price of $305,160. There is strong activity in the lower and middle-range pricing seg-ments, which is encouraging for the broader market. It is only a matter of time however until a major development parcel trades, which will boost these numbers significantly. In the Commercial sector this quarter saw two significant sales posted -one on Middle Caicos, the stunning Dragon Cay Resort at Mudjin Harbour and the other with Island Club in Grace Bay, Providenciales. The new owners will look to enhance these commercial properties for future rental returns. Looking Ahead Based on pending transactions, and a late season of sales activity, it’s anticipated that 2017 sales volume will exceed last year’s. With exciting projects in the pipeline, TCI is poised to continue its healthy and sustained growth pattern. I Article and photography provided by: Turks & Caicos Sotheby’s International Realty Venture House, Grace Bay Road, Providenciales t. 649.946.4474 f. 649.946.4433 turksandcaicosSIR.com Visit the Turks & Caicos Islands at www.WhereWhenHow.com NOV/DEC/JAN/FEB 2017/2018 • • • • • 157

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